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Over Seven Million UK Adults are Suffering Significant Levels of Financial Stress New Analysis Reveals
Previous analysis conducted in 2021 by LexisNexis Risk Solutions found similar levels of financial stress amongst the UK population with around 7 million adults classed as potentially financially excluded and 3.5 million with at least one negative financial event.
The latest data shows that CCJs – a court order issued to individuals in England , Wales and Northern Ireland to settle unpaid debts – have been handed out since 2019, accounting for 86% of the negative financial events currently affecting credit scores. The remainder (437,000) relate to bankruptcies and insolvencies. Levels of CCJs have increased by in the past year, rising to 751,414 judgements. The average value of each judgment rose over the same timeframe to £2,088.
Analysis also shows that the who are unable to secure a short-term loan made an average of 36 applications each. The data indicates loan denials are on the increase too, with failing to secure any loan offer two years ago, compared to almost in 2025. Loan application volumes have fallen over the same period by around between 2023 and 2024.
Of the UK's potentially financially excluded population, approximately or 2% of UK adults have no evidence of an active current account or bank card. More than or 1% of the population are known as 'thin file', meaning their data footprint is nearly non-existent.
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Financial exclusion and credit distress are inextricably linked, with one often leading to the other. They disproportionately affect more vulnerable groups like disabled people, those in care, victims of domestic abuse and migrant workers who are typically less credit active.
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LexisNexis Risk Solutions carried out in depth analysis of its UK data sources, combining two of the UK's largest Credit Reference Agencies (CRAs), short-term loan applications and around 25 alternative public and private sources, to determine the financial health of UK adults.
LexisNexis® Risk Solutions harnesses the power of data, sophisticated analytics platforms and technology solutions to provide insights that help businesses across multiple industries and governmental entities reduce risk and improve decisions to benefit people around the globe. Headquartered in metro Atlanta, Georgia , we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information-based analytics and decision tools for professional and business customers. For more information, please visit LexisNexis Risk Solutions and RELX.
Mike Normansell
Senior Manager, Global Communications
Mike.normansell@lexisnexisrisk.com
07743899948
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